Gold and Silver Struggle to Move
For the past few weeks Gold and Silver have struggled to move in either direction. In other words, they are buried deep in consolidation. This pattern is the most frustrating for traders, congestion is also […]
For the past few weeks Gold and Silver have struggled to move in either direction. In other words, they are buried deep in consolidation. This pattern is the most frustrating for traders, congestion is also […]
As we remain short Gold and Silver it appears the miners may be sending a message that there is strength in these precious metals. For weeks, gold and silver have been in a downtrend, trading […]
Gold and silver have been moving sideways for weeks. If you put them on a heart monitor, they would be declared dead. We know from experience a much bigger mover is coming, but we don’t […]
For the past three weeks gold and silver have been stuck in a tight trading range indicating a much bigger move is coming. The pattern we are watching is known as consolidation which is simply […]
Gold and Silver look to test the support levels once again. Wednesday saw a nice rally, however there was no volume to support it. All signs point to lower prices once again and our levels […]
As expected, gold and silver tumbled hard on Tuesday taking them down and slightly below their key levels of support. Both bounced nicely from those key levels and are well above them now. This brings […]
Like magic, gold and silver have pulled back to their key support levels of 1900 and 24.5. They are once again at the moment of truth leaving two options: breakdown or rally again. The trend […]
The past few days gold and silver have attempted to breakout to the upside but have failed. The next logical step is a return to support, 1900 gold and 25.5 silver. The pattern suggests a […]
Gold and Silver have reached the top of their ranges we have written about this week. The action we expect from these levels are a pullback to their respective support of 1900 and 24.5. The […]
Gold and Silver continue to churn around the mean. The pattern is compressing, indicating a much bigger move is coming. As we look at the charts, Gold support is 1900 and resistance 1950, Silver support […]